Top Two Pair

As oil tries to sustain a relief rally alongside oil-related stocks, note that the two best performers in the OIH (ETF for the beaten-down oil services stocks) have consistently been RIG snd VAL, respectively below on their daily charts, over the last week or so. These are still high on my radar due to their short squeeze potential, at a minimum. 

Oil, itself, it attempting to cement a higher swing low vis-à-vis its April lows. And we know plenty of oil-related stocks are trading cheaply in terms of valuation. In terms of sentiment oil remains vastly out of favor, with many either in the deflation/deep recession camp or of the mind that Trump will successfully keep the price low with his deals and policies. 

But Warren Buffett's swan song, or at least one of his last major moves of buying Occidental Petroleum heavily three years ago when the stock was significantly higher than where it is now, remains a stark reminder that he often is initially seen as a dinosaur before proven resoundingly astute--The October 2008 "Buy America" Op/Ed piece he penned comes to mind, before the S&P dropped an additional 30% or so into the March 2009 bottom.